Bank Loan Verses Installment Loans – The Good, The Bad, And The Ugly!
Many installment loan companies will provide you the money you need today with the flexibility to repay in multiple payments. It works this way. You locate a loan company (not bank) set up an appointment, locate your personal ID, proof of income and a bank statement from a bank you do business with. When you meet at the local office you can complete a short application, review the terms and conditions (make sure you read all the mouse print and understand the legal jargon), sign the agreement, and if approved, get your money usually up to $1,000 dollars in less than 36 hours. You may not like the interest rates, but those folks in need usually look the other way and bite the bullet.
Stress is an equal opportunity annoyer especially when you need funds to pay bills or other unexpected emergencies. On the other hand, a bank or credit union, will usually take weeks to approve any type of personal loan. Most times, behind your back, if you have a sour credit history, you’re considered a “deadbeat.” So don’t waste your time. Speaking of banks, don’t overlook visiting that small state bank that just opened up downtown. Who knows what can happen. Maybe one of the loan people has a son or daughter that goes to same school with yours, so talk with them. You may not know it, but having a solid job in town and paying local bills on time counts for a lot. It’s called “mitigating circumstances.”
Surefire Ways To Manage Personal Debt!
If you have a poor credit rating, join the club. Actually, you shouldn’t feel too bad. You’re one of the tens of thousands Americans with the same headache. In fact, it’s become so rampant it’s like a national disease. Ergo, if you have this disease what people need immediately are those two words people love to hear: A CURE! Managing your personal debt takes several things. A plan, perseverance and the guts to make the right decisions. And if you find yourself suffering from this disease, it’s time to snap out of it and take affirmative action.
If you need help, there are still places you can contact that specialize in managing personal debt and they can all be found online. So do your research, interview companies you have investigated but don’t give any person or group of persona any money who tell you they can totally fix your credit history. credit can be repaired, but not 100 percent fixed.