Looking For The Best Online Payday Loans? Factors To Consider Before You Apply
People often turn to payday loans when they need quick cash to meet urgent financial obligations. Some common examples of unplanned expenses may include medical bills, car repairs or to make up for unpaid time lost at work because of an illness.
It's possible to get fast payday loans online without having to pass a credit screening or leave home. However, even the best online payday loans typically come with high fees and little time to pay them back. A payday loan usually gives small loan amounts and with the short time to make payments, it can make it hard to pay back the loan on time. Those are just a couple reasons why a personal loan from Balance Credit offers a better alternative to payday loans.
Why Look for Other Options?Yes, the best online payday loans can be quick and easy to obtain. Even searching payday loans for bad credit, you may find other offers requiring as little as proof of a bank account to deposit funds. However, typical loans are only for a few hundred dollars. Other major downsides of payday loans for bad credit are the high fees and tough repayment schedules.
And while, it may be possible to get repayment days extended when taking out a payday loan, but this extension can come with more fees. A study found that the average payday loan was for only $375 and cost the borrower an additional $55 fee for two weeks. Meanwhile, average borrowers cannot pay the loan back in such a short time.*
A personal loan from Balance Credit may offer a better solution. With this type of installment loans, you can borrow money safely, have affordable payments over time and there are no penalties for prepayment or early pay off, which can lower the amount of interest you pay. And, like payday loans online, you don't need any collateral to secure the loan. While better credit may help you qualify for larger loans at lower rates, Balance Credit can offer to help many people with poor credit.
Apply now for an installment loan from Balance Credit for a quick approval decision and cash in your bank account by the next business day.**
Applying for a Personal Loan Online With Balance Credit
As with the best online payday loans, you can apply online for an installment loan from Balance Credit. Typically, you will get an approval decision moments after completing the short application.† In some cases, more information might be required to make a decision. Either way, you won't have to wait long for an answer.
Of course, fees, loans and terms may vary because of your financial situation or where you live. However, after applying, you will be able to see all the loan terms before deciding to accept it.
Once your application has been approved, you can generally expect to receive funds in your checking or savings account within 24 hours.** Without taking more time than you would when applying for payday loans online, you can apply for a personal loan for the money you need and pay it back over a longer time. We want to be your solution to life’s little emergencies.
Why Choose Personal Loans From Balance Credit?
At Balance Credit, we’re not just another lender. We understand that many of our customers partner with us to resolve urgent financial situations and we make the process as convenient as possible for you. Some of our customers find that our installment loans give them an alternative for consolidating debt, whether that be from payday loans or being behind on bills or other debt. That's why we strive to serve you by making your experience as stress-free and convenient as possible.
With Balance Credit, you get a simple online loan application and friendly customer service representatives. We offer reasonable installment terms and don't expect you to pay back your loan by your next payday. We understand that can be hard.
Apply for Your Personal Loan Today
A personal loan from Balance Credit can give you a quick and convenient way to solve financial issues. You don't need perfect credit or collateral to qualify. To find out how much money you can borrow, apply now.
**Customers whose applications are received and approved by 6:00 PM Central Time on a business day will typically receive ACH deposits from the lender to their bank accounts the next business day.
†In some cases, the decision may take longer. Some customers applying for Balance Credit or third-party loans may be required to submit additional documentation to verify application information.