Same Day Loan Lenders
If you’ve ever looked for same day loan lenders, you know that your options are limited. If your credit is less than perfect, you have even fewer resources available to you – most of which are bad. Fortunately LoanNow provides the money you need, when you need it, with repayment terms you can live with.
You may not think of credit cards as same day loan lenders, but credit card cash advances are loans – and as close as your nearest ATM. But despite their convenience, credit card cash advances have serious drawbacks. First, unlike credit card purchases, cash advances have no grace period. Interest begins to accumulate the minute you withdraw your cash. Second, the APR for credit card cash advances is much higher than that for purchases. If you only make the minimum payment every month, you could pay many times more than you borrowed before you finally pay off the balance.
Cash for Gold
Cash for gold stores began appearing during the Great Recession, and have continued to multiply. Gold jewelry, gold coins, even gold fillings are accepted by these same day loan lenders. These establishments accept gold as collateral for loans, but you receive far more money by selling your gold items outright.
If you don’t have gold to sell – or if you don’t want to sell the items you have, pawn shops also act as same day loan lenders. Pawn shops also accept a broader range of personal property as collateral than cash for gold stores, including musical instruments and high tech electronics. But pawn shops only lend a fraction of what your property is worth. And if you fail to repay the loan within about 30 to 60 days, you forfeit your property permanently. The only way to retrieve your merchandise is to purchase it – for far more than you were paid to relinquish it.
Payday Loan Stores
Back in the day, payday loan stores were often disguised as check cashing stores or even currency exchanges. These days, payday loan stores openly advertise themselves as same day loan lenders. For desperate borrowers with poor credit, no cosigners and no collateral, payday loans appear to offer a lifeline. But with their unrealistically short repayment periods and sky-high interest rates, payday loans are little more than financial traps. Most borrowers find that hey are unable to repay their loans in full, and find themselves making partial payments toward rollovers that seem to increase in size, rather than decrease, despite regular payments.
Don’t put your possessions on the line or tie yourself down with endless debt by dealing with questionable same day loan lenders. LoanNow never requires collateral. If your credit is less than perfect, we may be able to approve you. Unlike banks, we consider your whole financial profile, not just your FICO score. Oh, and rollovers? Not with LoanNow. Our loans feature manageable monthly installments that work with your budget. If you are struggling with your payments, LoanNow works with you to get you back on track. Isn’t it time you checked out LoanNow?