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Why do people choose online personal loans

The Internet has made things a little easier. In the past, if you needed a loan , you would need to get dressed up and head down to the bank to beg for money. Online personal loans are now available to make the hassle of getting a loan a little easier, and peer-to-peer online personal loans services are even changing the way that people lend and borrow money.

Why do people choose online personal loans?

You would think people would be more inclined to trust the banks instead of an online lending service. So why are so many people putting their trust in online loans? There are a couple of major reasons:

Convenience: One of the main reasons people are flocking to online loans is the convenience. You easily apply for a personal loan from the comfort of your own home. Just fill out the online form and get approved quickly. All of your dealings with your lender happen exclusively online, which makes it convenient for those who don’t want to make the extra trips to the bank.

Lower rates: Since online lenders don’t have the added expense of physical offices scattered throughout the country, they can offer lower rates and fees to lenders. The interest rates are also fixed, so you don’t have to worry about fluctuating interest rates through the life of your loan. The only thing to remember is that most online personal loans are unsecured, which means that you don’t need to put up collateral in order to get approved for the loan. While this is convenient, it can mean higher interest rates since these loans are a bigger risk to the lender.

Easier access: Banks are notoriously picky when it comes to who they lend money to. Online personal loan services are not as picky, meaning that it can often be easier to get approved for a loan online, if you have the right credit score. Peer-to-peer lending sites like Prosper and Lending Club actually pitch out loans to individual investors, so if they are willing to take on your debt, you can get approved even with a lower credit score.

Who offers online personal loans?

Check Into Cash offers payday loans in 32 states through its more than 1,000 stores as well as online. Rates and fees are posted on Check Into Cash’s website. In addition to payday loans, Check Into Cash also offers lines of credit, installment loans and check cashing services.

A Check Into Cash payday loan comes with a number of features; here’s what you need to know before applying:

Convenient and quick. You can apply for a Check Into Cash payday loan online, and Check Into Cash informs you of your application’s status in less than 60 seconds. After approval, you can expect the funds to be deposited in your bank account as soon as the next business day.
Money for anything. Check Into Cash doesn’t place limitations on how you can use the loan amount. Use it for just about any legitimate purpose like paying medical bills, buying groceries or simply getting through a temporary setback. 
Relaxed application criteria. You can apply for a Check Into Cash loan despite having bad credit as long as you have the ability to repay.

How to Apply short-term loan with Check Into Cash

To apply for a payday loan online you’ll need to have an active checking account that’s been open for at least 90 days.You must be at least 21 and an American citizen and have a bank account, email address and phone number.

Approval is relatively quick, and you should know how much you’ll be eligible to receive in a few minutes. One drawback to an online payday loan is that is can take between one to two business days to get your funding. When your loan is funded your money will be deposited into your account and once the payment period elapses your account will be debited for the amount you owe, so make sure you have enough in your account or have adequate overdraft protection.

To get an in-store cash advance at one of Check Into Cash’s many locations
Bring all the necessary information to the store and complete the application with an associate.
You’ll need a current pay stub, a state or federal photo ID, your most recent bank statement and a personal check. You’ll write a check for the amount you’re receiving, plus any applicable finance charges and post-date the check for two-weeks from the application date. Once that period elapses, the lender will deposit your check. You’ll want to ensure that you have enough money in your account to cover the full loan, otherwise you run the risk of incurring overdraft charges from your bank and other fees from the lender.

In addition to offering online payday loans and cash advances, Check Into Cash provides installment loans, online installment loans and lines of credits. As with its other loan offerings, check its website both to make sure what you want is available where you live and to see what rates are offered.

Fact : Did you know over a million dollars of gift card wasted  every year?

Check Into Cash locations also offer supplemental services such as check cashing, bill payment, wiring money and selling gift cards for cash.

How It Works:
Step 1: *Bring in your new or used gift cards to a Check Into Cash store for a free quote. Gift cards must have a minimum balance of $20.
Step 2: Show us your driver’s license so we can verify your identity and process the payment.
Step 3: Walk out with cash in hand — no hassle, no waiting.

Check Into Cash has been accredited by the Better Business Bureau (BBB) since 2000 and has an A+ rating. On TrustPilot, it has a 4-star rating averaged from about 650 reviews, the majority of which are quite positive. (this is sure not fraudster)

Please NOTE:

If you don’t agree with the terms, you are under no obligation to accept the loan.
Once you accept, you’ll be required to repay the principle and interest on the due date, usually two to four weeks later. If you make a late payment or miss one entirely, you can be charged extra fees. Before taking out a loan, be sure you can repay. Otherwise, you may find yourself owing much more than you borrowed.


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