Money Now
If you’re facing a financial emergency, waiting weeks for a response from a bank loan application is frequently not an option. You need money now. But many options for immediate cash have significant disadvantages that outweigh their initial convenience. LoanNow is different. We provide the money you need without the wait of a bank loan, and without the drawbacks less desirable lending sources.
Pawn Shops
Pawn shops are often the lender of last resort for borrowers who need money now but who can’t qualify for bank loans. In exchange for conducting no credit checks and providing loans with no questions asked, pawn shops demand borrowers to present items of value such as jewelry or high-tech electronics – and surrender those items on the spot as collateral. Pawn shop loans typically cover only a fraction of the value of items provided as collateral. Repayment is required within 30 to 60 days. Borrowers who fail to repay their loans forfeit their items for good.
Payday Loan Stores
Many borrowers who need money now resort to payday loan stores. While it’s often inconvenient to make a trip across town to get to a payday loan store, the tradeoff is that approved borrowers receive cash on the spot. But that’s where the convenience ends. Payday loan stores demand borrowers submit one or more post-dated checks that are deposited into borrowers’ bank accounts as repayment – whether there are available funds to cover them or not.
Because of the short repayment periods for payday loans, the odds are good that borrowers won’t have sufficient funds to repay their loans in full. That’s when rollovers kick in: partial payments matched with refinanced balances. Many borrowers find themselves falling further behind with each rollover, and after just a few rollovers, may even owe more than their original loans – despite making regular payments!
Online Payday Lenders
Many borrowers seeking money now attempt to avoid the hassle of dealing with payday loan stores by submitting applications to online payday lenders. But many so-called payday lenders aren’t really lenders at all. They are aggregators that collect borrower information to distribute to third parties. In some cases, aggregators deal directly with a specified set of direct payday lenders. But in many cases, borrowers’ financial data and personal information are sold to the highest bidder – including SPAM artists, scammers and identity thieves. Nobody has time for that.
LoanNow
LoanNow understand that when you’re dealing with an urgent financial situation, you need money now, not weeks from now. Our online applications are processed in minutes or hours, not weeks. Approved borrowers receive their funds by convenient direct deposit as soon as the following business day†. As a direct lender, we never share your information with third parties.
If your credit is less than perfect, you may still be approved, because we look beyond FICO scores to consider your whole financial profile. We also never require collateral and our loans are structured with manageable monthly installments, not lump sum payments – and no rollovers. For the money you need and repayment terms you can live with – check out LoanNow.
