This makes this type of loan cheaper than either credit cards or personal loans. A Flexible Schedule. You have the rest of your life to pay back your loan.
Unlike a bank or a credit card company, your life insurer wont come after you demanding payment. However, this kind of loan also has some downsides, such as: Limited Value. The amount you can borrow against your life insurance depends on the value of the policy. However, it takes years for a life insurance policy to build up a significant cash value. This means that in the early years of your policy, you wont be able to borrow very much.
But most payday loans are only a few hundred dollars, and theres a good chance you can tap your insurance for that much. Lower Death Benefit.
CA residents: Opportunity Financial, LLC is licensed by the Commissioner of Business Oversight (California Financing Law License No. 603 K647). DE residents: Opportunity Financial, LLC is licensed by the Delaware State Bank Commissioner, License No.
013016, expiring December 31, 2018. NV Residents: The use of high-interest loans services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.
OH TX residents: Opportunity Financial, LLC is a Credit Services OrganizationCredit Access Business that arranges loans issued by a third-party lender. Ohio Credit Services Organization Certificate of Registration No. 900195.
A short term loan should be used for short term financial needs only, not as a long term financial solution. Customers with credit difficulties should seek credit counseling or meet with a nonprofit financial counseling service in their community. You are encouraged to consult your states consumer information pages to learn more about the risks involved with cash advances.
State laws and regulations may be applicable to your payday loan. If you do not pay your loan according to its terms, your lender may: charge you late fees, send your account to a collection agency, report your information to a consumer reporting agency which may negatively affect your credit score, offer to renew, extend or refinance your loan, which may cause you to incur additional fees, charges and interest.
We are not a lender. Only your lender can provide you with information about your specific loan terms and APR and the implications for non-payment of your loan.
Cash transfer times and terms may vary from lender to lender. Consumer Notice: We remind that payday loans and online personal loans for small dollar amounts are not a long term financial solution. These credit options imply relatively high interest rates and become a very costly solution if used improperly. Consumers that seek funds for longer terms or debt relief should consult credit advisor prior to making credit decisions of taking a short term or an online personal loan for small dollar amount.
10 dollar payday loans online. They are far superior to their online counterparts. This is an expensive loan; of course, but the customer service is excellent and the reps are extremely professional, yet pleasant and personable.
Review the website and you'll agree there aren't hidden fees. The reps are "very up front" and knowledgeable. Totally satisfied with my experience so far.